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BP awards $48m deal to Renaissance unit

BP awards $48m deal to Renaissance unit
Photo Credit: Arabianeye-Reuters
Renaissance
RNSS
24.18% 0.34 0.07

Renaissance Services’ fully owned subsidiary Tawoos Industrial Services Company (TISCO) said it has been awarded a contract by British Petroleum (BP) for consolidated camp facilities management.

The contract is for the provision of catering, maintenance and related facilities management services to the camps of BP’s Khazzan project in Oman TISCO said in a bourse filing.

The renewable contract has an estimated $48 million value, covering the 29 months commencing August 2015.